## A9 - Tax liability

| Corporation tax | Tax | Profit | Rate | |-----------------|-----|--------|------| | On policyholders’ share of profits | | | | | 2016 | | | 20.00% | | 2017 | | | 20.00% | | Tax on policyholders’ profit | nil | (A8) nil | | | On shareholders’ profits | | | | | 2016 | 21,016.20 | 105,081 | 20.00% | | 2017 | 60,957.70 | 320,830 | 19.00% | | Tax on shareholders’ profits | 82,063.90 | (A8) 425,911 | | | Tax before DTR | 82,063.90 | | | | DTR relief | (B) (1,112) | | | | Income Tax set off | (3,556.10) | | | | Corporation tax liability | **77,395.80** | | |